Vivendi To Take A Writedown On NBC (GE)

France’s Vivendi will write down the value of its 20% stake in NBC Universal. A spokesperson said the mark-down will be less than $3 billion.

In November, a source close to the company told the FT Vivendi’s stake was worth $8 billion, but a banker told the paper: “You could barely get to $6 billion.”

Those figures value NBCU, which is also partly owned by GE, between $30 billion and $40 billion.

Last week, Time Warner took a $25 billion writedown, pinning much of the blame on poor revenues from its AOL.com, which one analyst suggest may have seen an 18% advertising revenue decline between 2007 and 2008.

See Also:
Do NBC’s Super Bowl Advertisers Wish They Weren’t? (GE)

 

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